Message-ID: <14846708.1075853412434.JavaMail.evans@thyme> Date: Tue, 1 May 2001 12:56:00 -0700 (PDT) From: steve.hall@enron.com To: susan.mara@enron.com, rcarroll@bracepatt.com, richard.sanders@enron.com, christian.yoder@enron.com, gfergus@brobeck.com, james.steffes@enron.com, jklauber@llgm.com, jeff.dasovich@enron.com, michael.tribolet@enron.com, elizabeth.sager@enron.com Subject: RE: CAISO Notice: Market Notice--February Preliminary Invoice Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Steve C Hall X-To: Susan J Mara, rcarroll@bracepatt.com@SMTP@enronXgate, Richard B Sanders, Christian Yoder, gfergus@brobeck.com@SMTP@enronXgate, James D Steffes, jklauber@llgm.com@SMTP@enronXgate, Jeff Dasovich, Michael Tribolet, Elizabeth Sager X-cc: X-bcc: X-Folder: \Elizabeth_Sager_Nov2001\Notes Folders\All documents X-Origin: Sager-E X-FileName: esager.nsf Fortunately, EPMI was a net debtor to the ISO for February, so we were not directly affected by this default.---sch -----Original Message----- From: Mara, Susan Sent: Tuesday, May 01, 2001 1:30 PM To: rcarroll@bracepatt.com; Sanders, Richard; Christian Yoder/HOU/ECT@ECT; gfergus@brobeck.com; Steffes, James; jklauber@llgm.com; Dasovich, Jeff; Hall, Steve C.; Tribolet, Michael Subject: CAISO Notice: Market Notice--February Preliminary Invoice The latest financial news from the ISO Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854 ----- Forwarded by Susan J Mara/NA/Enron on 05/01/2001 01:29 PM ----- CRCommunications 04/30/2001 02:49 PM Please respond to "Leiber, Phil" To: ISO Market Participants cc: Subject: CAISO Notice: Market Notice--February Preliminary Invoice > ISO Market Participants: > > Cash clearing related to the preliminary invoice for February 2001 was > scheduled for today, April 30, 2001. > > A preliminary overview of the cash received follows: > > Funds due ISO (Accounts Receivable): > GMC $23,049,950.38 > Market $972,588,030.84 > ------------------------ > Total $995,637,981.22 > > Funds Received: > GMC $4,500,303.61 > Market $59,136,334.68 > ------------------------ > Total $63,636,628.29 > > Funds due for ISO GMC, Market Participants (Accounts Payable): > GMC $23,049,950.38 > Market $952,742,085.50 > > Preliminary shortfall: > GMC $18,549,646.77 > Market $893,605,750.82 > > Reallocated shortfall: > GMC $0 > Market $912,155,397.59 > > > Funds available for distribution to market participants are reduced by the > GMC shortfall, accordingly, $40,586,687.91 ($59,136,334.68 less GMC > shortfall of $18,549,646.77) will be available for distribution against > February ISO market accounts payable of $952,742,085.50, and against prior > months balances. Due to this shortfall in receipts from market debtors, > the ISO is required to perform calculations in accordance with ISO Tariff > Section 11 and Settlements and Billing Protocol ("SABP") Section 6 to > determine the appropriate pro-rata distributions to market participants. > Any potential distributions are reduced to pay previously defaulted > amounts, or current month GMC obligations of that market participant. > Distributions will be made upon completion of these calculations. These > figures also do not consider any amounts payable directly to market > participants from the California Department of Water Resources. > > As noted in previous communications, the ISO will provide a comprehensive > reporting of the monthly settlement results after the cash clearing for > the final (true-up) monthly invoices, and will thereafter distribute a > current certification of amounts owed. This report for January 2001 will > be published shortly. > > > Phil Leiber > Dir. Financial Planning & Treasurer > California ISO > 916 351-2168 > 916-351-2259 (fax) > >